Felix and Fertitta in $145m series-A for Moonbug
Felix Capital and Fertitta Capital have taken part in a $145m series-A funding round for Moonbug Entertainment, a UK-headquartered children's media production group.
The round was led by TMT-focused merchant bank The Raine Group.
Following the deal, the company will accelerate its acquisitive growth strategy. The deal comes three months after the company acquired YouTube channel Little Baby Bum.
Originally reported by technology and venture capital publication TechCrunch, the story was confirmed by Felix Capital on its Twitter feed.
Felix is currently deploying capital from its second vehicle, Felix Capital Fund II, which held a final close on its $150m hard-cap in July 2017.
Company
London-headquartered Moonbug was founded in 2018 in order to pursue consolidation in the children's media production sector. The company was founded by The Walt Disney Company's former head of digital studios René Rechtman and Paramount Pictures' former senior vice president John Robson.
People
Moonbug Entertainment - René Rechtman (CEO).
Felix Capital - Frederic Court (founder, managing partner).
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